Originally posted by RetinoidReceptor
I feel the next short squeeze coming on........................Just one more or two more down days and then Ben and Goldman can buy more equities and
scare the shorts into rallying the indices. How many times has this happened in the past 5 months already?

Lol...poor bastards have been torched repeatedly... it's hard to win against the House... especially one with its own printing press

Most of the guys that I know are waiting to see what happens in the next couple of sessions, lots of sweaty trigger fingers out there...

Lets see if the first sequence holds..

Coincidentally (i think at least) our first "leg" down was the first sequence. It though coincided with a support of about a week and a half
ago..

You be the judge..

Me thinks we go back up... how many bears did you see come out of the woodwork today? lol.. Perhaps a day of "lingering" tomorrow with the real
action coming later in the week.

Tell that to Mr Average Joe from anywhere in America that last 50% of his retirement the first time around, got duped by the Media into buying into it
again, and is now set up to loose 10-40% of what he just put in.

You can do it Standar, be the spokes man to them.

Tell him his money was fictitious and he shouldn't worry about it.

I always forget about the 401k don't-you-ever-worry-'bout-nothing plan. The reason is that this strategy is so foreign to me that my head blocks its
existence. There was nothing wrong with the concept before the time Mr. Goldman was born.

The market analysts always FEEL about stock being oversold, undersold, beneathsold, abovesold . . . But they don't say anything only after Mr.
Goldman -- who never says anything, but actually does things -- show the analysts that is okay to comment on his handiwork.

How did the dotcom bubble burst?
The way it was inflated. Midway through the blowing, it was obvious that the dotcomers couldn't bring so much ad money in. But someone kept blowing
just to the point a tad bellow ridiculous. And then, that someone picked the needle to collapse the fictitious numbers. Let's call that guy Mr.
Profit Maximizer. You can do something like that easy with new industries that no one is overly familiar with, but the repetition is harder to do with
the senior industries the Dow is made of. About a month ago, I wrote a post about building a max point. Welcome to The Top . . .

I wonder about how the NIKKEI will react to the guilty verdict issued by the US markets. But I don't think that the Japanese traders takes it as an
excuse supreme to reach much deeper into their eye-slanted piggy bank.

I don't think so. The profit taking may not last another day. Just keep an eye on it. That's too bad, coz I'd like to see the price of oil trickle.
But what can you do. Things have been decided and so it's a matter of keeping up with the schedule.

BTW, the MSM revealed the reason why Bernanke has been optimistic, almost exuberant about the future of the US economy. It's an eye opener --
incredible stuff: www.abovetopsecret.com...

Update: NIKKEI is wearing light green, and the stock market crash or major depreciation of the stock value idea is heading for a bookstore shelf
marked "fiction."

There was a feature in yesterday's downer worth mentioning. The session opened as always with a high volume. As usual, the volume was slowly
decreasing as the traders were switching to the autopilot. But then, at 9:57, there was one-minute volume that was much taller then its neighbors:

The action started at 9:56 and was heading up, as the corresponding point 9,136 shows. It turned out that this peculiar action set the Dow within 1
point of the close for the day.

High volume sets the course of trading, and this time, a slight detail concerning the unexpected single high volume within just one minute predicted
the end of the session. If the occasion arises again tomorrow, I'll point it out. It could be due to a chance, but there could be a reason hovering
above it as well. We test it tomorrow, coz I guess the curve will keep going horizontally most of the session. I don't think that there will be much
of morning selling done, though, coz all the guys made the dough yesterday and sailed to the French Riviera to have an affair with 14-year-old school
girls -- an old custom that Mr. Goldman frowns upon. He goes usually to the church to discuss various matters, such as interior decorating, with God.
They are pals.

Halfway through the back-to-school shopping season, retail professionals are predicting the worst performance for stores in more than a decade, yet
another sign that consumers are clinging to every dollar.

Fears about the job market have resulted in sluggish customer traffic over the last few weeks, spurring the gloomy sales projections. Parents who do
shop are aggressively trading down, informing status-conscious teenagers that notebooks from the dollar store or shirts from Costco will have to do
this year.

Stock analysts at Citigroup are predicting a decline in back-to-school sales for the first time since they began tracking the figures in 1995. They
estimate August and September sales at stores open for at least a year — known as same-store sales — will fall 3 to 4 percent, compared with an
increase of nearly 1 percent in the same period last year.

You got that right!

I believe it's called Astro-Turf...as in "Out of this World" expectations...

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